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  • #122,661
  • Jul 17, 2009 6:08am Jul 17, 2009 6:08am
Quoting Alihuzaifa
1.4090 on charts so what do u expect now?
Developing value for today @ 1.4090 - 1.4121
Getting it right is NOT as important as not getting it wrong.
  • #122,662
  • Jul 17, 2009 6:10am Jul 17, 2009 6:10am
Quoting Alihuzaifa
1.4090 on charts so what do u expect now?
will most probably come close to 1.42 today
  • #122,663
  • Jul 17, 2009 6:12am Jul 17, 2009 6:12am
Quoting ashlee_17
will most probably come close to 1.42 today
loll that will be really interesting to watch out
  • #122,664
  • Jul 17, 2009 6:13am Jul 17, 2009 6:13am
Let's milk a new high, bulls
Getting it right is NOT as important as not getting it wrong.
  • #122,665
  • Jul 17, 2009 6:16am Jul 17, 2009 6:16am
Quoting Alihuzaifa
1.4090 on charts so what do u expect now?
Trend still down. the zoom through would have confirmed weakness to downside as it did't occur it's a balance point still. Therefore caution advised in trading at this level.
P.S. I see we may be getting the move now. Lets see. Either way it goes I will be looking to close out short soon.
  • #122,666
  • Jul 17, 2009 6:17am Jul 17, 2009 6:17am
Quoting Atlast
Decision point would be just below 1.4090. I am expecting a zoom through bar there. If we get it, the move is on for much lower levels today.
Why will this zoom through? On for much lower levels? Its been ranging for months now without any serious moves.

Getting to 14068 looks like as far south as I can see it going. I hope it goes further like you say and we can have some fun with it today.
Its just not been worth trading all morning unless your after 10 pips or so.
rat
  • #122,667
  • Jul 17, 2009 6:19am Jul 17, 2009 6:19am
Now that the good results are down we can resume the crisis sell offs. Bulls have disappointed me. Go bears!

[EDIT] I just want to say that if bulls lose this battle they should be ashamed. What kind of BS trendline break out was this??? A trendline coming from july 2008 should deserve a little more attention don't you think?
  • #122,668
  • Jul 17, 2009 6:19am Jul 17, 2009 6:19am
Oh Indonesia..Indonesia...why why...you goddamn terrorist
  • #122,669
  • Jul 17, 2009 6:21am Jul 17, 2009 6:21am
BAC profit..test long TP 1.412
  • #122,670
  • Jul 17, 2009 6:25am Jul 17, 2009 6:25am
Quoting TheFisherman
Now that the good results are down we can resume the crisis sell offs. Bulls have disappointed me. Go bears!

[EDIT] I just want to say that if bulls lose this battle they should be ashamed. What kind of BS trendline break out was this??? A trendline coming from july 2008 should deserve a little more attention don't you think?
They sure beats the estimates because of major cost cutting and laying offs, this is unsustainable, and 3rd quarters earnings will probably be very bad...
Getting it right is NOT as important as not getting it wrong.
  • #122,671
  • Jul 17, 2009 6:26am Jul 17, 2009 6:26am
3 min update, showing where another short taken, as I said erlier use shorter tracks for quick trades. Zoom through area shown where lower median lines cross. If we got the zoom thru the lower levels expected. As we didn't decision point to trade cautiously.
Attached Image
  • #122,672
  • Jul 17, 2009 6:26am Jul 17, 2009 6:26am
Good article on CNN:

http://money.cnn.com/2009/07/17/news...n=money_latest
  • #122,673
  • Jul 17, 2009 6:28am Jul 17, 2009 6:28am
Quoting TheFisherman
[EDIT] I just want to say that if bulls lose this battle they should be ashamed. What kind of BS trendline break out was this??? A trendline coming from july 2008 should deserve a little more attention don't you think?
Trading is about making money, not showing ego. So no shame to be wrong in a trade. It's a shame to stay wrong, that's all...

Lose your opinion NOT your money
Getting it right is NOT as important as not getting it wrong.
  • #122,674
  • Jul 17, 2009 6:34am Jul 17, 2009 6:34am
Quoting rattyo

Getting to 14068 looks like as far south as I can see it going. I hope it goes further like you say and we can have some fun with it today.
Its just not been worth trading all morning unless your after 10 pips or so.
It is likely to return to below 1.4000. Can't give the time scale yet.
Oh, I've been trading this since late last night and this morning and taken a lot more than 10 pips per swing. It's nice to end the week on a high note, so I'm currently neutral and waiting for another set-up.
  • #122,675
  • Jul 17, 2009 6:34am Jul 17, 2009 6:34am
Quoting fxswing
Trading is about making money, not showing ego. So no shame to be wrong in a trade. It's a shame to stay wrong, that's all...

Lose your opinion NOT your money
I know dude. I posted my trade yesterday. Was a dud. Now I'm ready for whatever may come but if we go back to 4130 I'm in for the second attempt. Also considering a short let's see how things develop. Maybe the break-out timing was wrong now that equities stand to fall... Oh well, you know what det. Murtaugh said : "stuff happens"

...or was it still Glover but in Predator 2?
  • #122,676
  • Jul 17, 2009 6:39am Jul 17, 2009 6:39am
Quoting Atlast
It is likely to return to below 1.4000. Can't give the time scale yet.
Oh, I've been trading this since late last night and this morning and taken a lot more than 10 pips per swing. It's nice to end the week on a high note, so I'm currently neutral and waiting for another set-up.
But about 14068 is maybe a good place for a long scalp. dont do these kind of things normally but having to lower my standards in these conditions.
Already have an Elvis short on to that level..
rat
  • #122,677
  • Edited 6:42am Jul 17, 2009 6:40am | Edited 6:42am
Quoting TheFisherman
I know dude. I posted my trade yesterday. Was a dud. Now I'm ready for whatever may come but if we go back to 4130 I'm in for the second attempt. Also considering a short let's see how things develop. Maybe the break-out timing was wrong now that equities stand to fall... Oh well, you know what det. Murtaugh said : "stuff happens"
Just to clarify. I'm making general comments, only.
You will NEVER hear me commenting on other's trades.
I think that everybody should put his money where his mouth is, and take responsability for the outcome.

hmmmm, yes, "stuff happens"
Getting it right is NOT as important as not getting it wrong.
  • #122,678
  • Jul 17, 2009 6:50am Jul 17, 2009 6:50am
daily wave analysis
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  • #122,679
  • Jul 17, 2009 7:00am Jul 17, 2009 7:00am
Quoting TheFisherman
Nah. Read the contract. They are not guaranteed when price moves fast.
I told you...bear bear bear...see what happened now?
  • #122,680
  • Jul 17, 2009 7:03am Jul 17, 2009 7:03am
Citigroup beats 0.49 vs 0.37 Est.
Getting it right is NOT as important as not getting it wrong.
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